The business of the internet behaves distinctly in Europe from elsewhere, belying clichés about the digital economy being "global, flat and neutral". Those differences are mainly associated with distinctive business practices and they are manifest in the architecture and dynamic features of...

In this paper we use a novel IO model to show changes in market power that indicate the character of convergence in the digital economy. We show how changing business strategies, including shifts in investment practices, accommodate modular approaches to business by realigning relationships...